Mawson West completes second tranche of private placement financing

1 minute read
01 March 2015

On March 2, 2015, Mawson West Limited (TSX: MWE) announced that it had completed the second tranche of a previously announced private placement with Galena Private Equity Resources Fund LP. Under the placement, Mawson West issued 180,000,000 ordinary shares in the company to the fund on a private placement basis at an issue price of CAD$0.12 per share for gross proceeds of CAD$21.6 million.

Mawson West is a copper and silver-focused resource company based in Perth, Australia. The company's two key projects are the Dikulushi copper-silver mine and the Kapulo copper mine located in the Katanga province in South Eastern Democratic Republic of Congo (DRC).

Galena is a US$400 million closed end Cayman Islands limited partnership designed to invest in the natural resources sector and an affiliate entity of the Trafigura Group.

We advised Galena in this transaction with a team that included Stuart Olley, Gordon Chmilar, Nick Iliff, Alisha Virk, Colleen McMullin and Patrick Rea.

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